Recession: Buhari To Sell Off More Presidential Fleet

Hamilton Nwosa
Writer

Ad

U.S. Oil Majors Slash Jobs Despite Trump’s Fossil Fuel Push

ConocoPhillips, Chevron, and other oil majors have announced mass layoffs despite expanding production capacity through multibillion-dollar acquisitions. Falling oil prices and cautious investor sentiment are forcing companies to cut capital spending and reduce workforces, even as Trump pushes pro-oil policies. OPEC+ production hikes and U.S. rig declines point to continued pressure on American producers, who…

Tinubu Concludes Vacation, Set to Return to Nigeria

By Abiola Olawale President Bola Tinubu has announced that he has concluded his 10-day working vacation. This is as the President is set to return to Nigeria, on Tuesday, September 16, 2025, marking the end of his working vacatio in 2025. Recall that The New Diplomat had reported that Tinubu jetted out of Nigeria to…

2025 World Championships: Details as Amusan Clinches Silver in 100m Hurdles

By Abiola Olawale Nigeria’s sprinter and world record holder, Tobi Amusan, has secured a silver medal in the women’s 100m hurdles at the ongoing world championships in Tokyo, Japan, on Monday. The New Diplomat reports that Amusan clocked 12.29sec behind Switzerland’s Ditaji Kambundji who clocked a national record of 12.24sec to win a shock gold.…

Ad

President Muhammadu Buhari says he plans to sell off more jets from the  presidential fleet while some will be handed to over to the Nigerian Air Force.

The president’s Senior Special Assistant on Media and Publicity, Garba Shehu confirmed this after revealing President Buhari’s directive that two jets from the presidential fleet be sold off to cut down on overheads.

According to Mr. Shehu, the president has already approved that the sale of the two aircraft be advertised in national newspapers.

The sale of the Falcon 7X Executive jet and a Hawker 4000 aircraft from the President’s Air Fleet is to cut down on waste.

His directive to a government committee on this assignment is that he wants a smaller fleet for the safe airlift of the President, the Vice President and other government officials that go on special missions.

The Socio-Economic Rights and Accountability Project, a non-governmental organization, had earlier called for a scale-down of the presidential fleet and reduction of other government expenditure.

The group says this is expedient at a time when the country is grappling with a recession.

The presidential fleet reportedly has about 10 aircraft.

It includes a Boeing Business Jet (Boeing 737-800), a Gulfstream 550, a Gulfstream 500, two Falcons 7X, one Hawker Sidley 4000, two Agusta Westland AW 139 helicopters and two Agusta Westland AW 101 helicopters.

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp